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Right to Buy |
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Sometimes existing tenants or those waiting for property are given priority to purchase. As well as your share of the mortgage this is usually 50% but can be higher or lower. We will advise on insurances, what type of legal advice you need to have and other costs such as stamp duty, all of which should be taken into consideration when you enter the scheme. Whether you already own part of your home and are looking to purchase more of the equity, or you are considering entering into a Shared Ownership agreement or any other affordable housing scheme, get in touch and benefit from our expertise. Are you are aware that it is probably cheaper to purchase your house and pay a competitive mortgage than to pay rent to your council? Dale Mortgage Brokers can help you fulfill the dream of owning your own house. You can buy property from the council if you have been living in the council home for a while. Although some lenders may refuse your mortgage application, there are numerous schemes with extremely flexible options specifically designed for "right to buy" properties. We can help you arrange your mortgage even if you have a poor credit history. We are one of UK's best council right to buy brokers. We do not charge any additional fees. Unlike most brokers who can charge up to 1.5% of the loan amount, this sometimes can be thousands of pounds. Under the right-to-buy scheme, as a council tenant you are entitled to a 32% discount on the value of your house under the "right to buy" scheme if you have lived in the house for two years. In addition to this discount a 1% deduction takes place for each additional year, up to a maximum of 60%. If you have a flat then the discount rises to 70%. Diverse arrays of right-to-buy discounts are offered by different councils to their tenants. The discount amount hinges upon the individual regulations of the council and the number of years you have spent as a council tenant. This information may not be available to you, but as one of the leading specialist mortgage brokers for England, Scotland, Wales and Northern Ireland we can get you the best deals at the best possible rates. So if you're contemplating buying your council house, contact one of our specialist advisers. Through us you can avail the best mortgage deals without being asked awkward questions. No lengthy application process is required. Just apply online and set the ball rolling. Please call 01709 560066, to discuss your Mortgage requirements; OR request a Call Back. |